Surging Stocks Put Bears on Heels

Investor Sentiment is Improving, Making it Harder for Wall Street's Pessimists to Hold Their Ground

By

Jonathan Cheng

Updated Jan. 28, 2013 2:35 a.m. ET

Gina Martin Adams is spending a lot of time on defense these days.

As the most pessimistic forecaster on Wall Street this year, the Wells Fargo Securities strategist is coming under increasing pressure from clients skeptical about her views as the major U.S. stock benchmarks run up toward record highs.